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Old 09-02-2012, 01:04 AM   #1
wrbwrbwrb

Join Date
Oct 2005
Posts
355
Senior Member
Default Deficits - How Did This Happen?
In 2007 the federal government spent $2.7 trillion, and ran a deficit of $160 billion.

In 2008, the federal government spent $2.98 trillion, and ran a deficit of $458 billion.

Then in 2009, the government spent $3.99 trillion, with a deficit of $1.8 trillion! But, of course, that was because of the stimulus being added in, right?
A one-time thing?

2010 - $3.5 trillion / $1.25 trillion

2011 - $3.6 trillion / $929 billion

2012 - $3.6 trillion / $557 billion

And projections show $500 billion deficits to continue for the foreseeable future. How did this become the new normal?!?
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